1.11× price rise
Average India inflation: 5.38% a year over 2 years. Prices did not double in this span. Highest year: 1977 (8.3%). Lowest: 1978 (2.5%).
| 1976 | in 1978 | 1978 amount in 1976 money |
|---|---|---|
| ₹1 | ₹1.11 | ₹0.90 |
| ₹10 | ₹11.10 | ₹9.01 |
| ₹100 | ₹111.04 | ₹90.06 |
| ₹1,000 | ₹1,110.40 | ₹900.58 |
| ₹10,000 | ₹11,104.01 | ₹9,005.75 |
| ₹100,000 | ₹111,040.12 | ₹90,057.54 |
The rupee averaged ₹8.97/USD in 1976 and ₹8.20/USD in 1978. ₹111 in 1978 is about $13.55; ₹100 in 1976 was about $11.15. Measured in dollars, the rupee amount went from $11.15 to $13.55.
| Year | Value | Inflation |
|---|---|---|
| 1976 | ₹100.00 | |
| 1977 | ₹108.31 | 8.3% |
| 1978 | ₹111.04 | 2.5% |
1976–1977 · 1976–1979 · All years
₹100 in 1976 had about the same buying power as ₹111.04 in 1978, based on India consumer price index data.
About 5.38% per year, compounding to a 11.0% total rise in prices over 2 years.
1977 saw the largest annual rise in the index (8.3%); the lowest was 1978 (2.5%).